Waiting for the BTC triangle to break? We are almost there! For those who are waiting for the new support/resistance to form as the signal for entry, we suggest also keeping an eye out for the position of RSI dips/peaks in relation to the RSI Moving Averages. These tend to be very useful confirmations for trend changes. Please follow us if you like our ideas!...
Here is a detailed set up for trading inside the current BTC consolidation pattern. Rather than identifying all of the Elliot Wave detailed counts, the key is identifying where Wave C ends. Wave Cs always have five wave structures that are much easier to identify than other complex corrective wave patterns. Please follow us if you like our ideas! Let us know...
RSI generally fluctuates within different ranges in bull vs. bear markets. This key differentiation is suggested and widely used by Constance Brown in the classic Technical Analysis for the Trading Professional . For BTC, the RSI for the 2day chart clearly displays this rule, with RSI bull range from 40 to 90 and RSI bear range from 10 to 60. With RSI bull...
Let's zoom out of the charts and examine the psychology behind every market cycle. This Wall Street cheat sheet was published long before Satoshi Nakamoto was known. Looks familiar? Let us know if you have any questions or comments, and please follow us if you like our ideas or scripts! We are here to help you profit!
There are several Elliot Wave possibilities for the end of the triangle. However, the zone of laddering does not change. Patience is key. Let us know if you have any questions or comments. We are here to help!
There is likely another leg down to the triangle support. While laddering positions in the zone above, we are still waiting for a clear 5 wave structure to the downside as the signal for major positions. Let us know if you have any comments or questions. If you like our idea, please follow us! Thanks for the support.
We all know BTC is in the symmetrical triangle since late June this year. Where are we going next? Which wave are we on in the triangle? We believe the next major BTC movement is coming soon with an upward bias. Symmetrical triangles generally form as the 4th Impulsive Wave, which is followed by another wave in the same general direction. Detailed wave counts...